Aug 22, 2017 · 1 min read
In other words, an ever larger share of GDP, and people’s budgets, will shift away from other economic investments in order to pay for energy.
This, at the same time governments and citizens have maxed out their borrowing, with governments betting that continued growth will produce enough wealth to support their previous irresponsible spending. Add to that the serious decline in global birth rates, and a rapidly aging population which leaves fewer people working to pay for it all.
They’re saying the entire global economy is going to collapse, and they see no way out.
